Credit Suisse Sells Historic Assets to Swatch Group

Credit Suisse Sells Historic Assets to Swatch Group

Credit Suisse took a hit on its capital ratio when it settled the tax dispute with the US for $2.6m. The Swiss bank is working on rebuilding its capital. A first step was taken towards that goal when it decided to sell the Peterhof historic building it owned to Swatch Group for an estimated $363m says the Wall Street Journal.